03 Jul 2019
Markets for You
Global Indices
Global Indices 02-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,299 1,294 5 0.39
Nasdaq 8,109 8,091 18 0.22
FTSE 7,559 7,498 62 0.82
Nikkei 21,754 21,730 24 0.11
Hang Seng 28,876 28,543 333 1.17
Indian Indices 02-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,816 39,687 130 0.33
Nifty 50 11,910 11,866 45 0.38
Nifty 100 12,002 11,958 44 0.37
Nifty 500 9,745 9,713 32 0.33
Nifty Bank 31,283 31,372 -89 -0.28
S&P BSE Power 2,134 2,117 17 0.80
S&P BSE Small Cap 14,283 14,283 1 0.00
S&P BSE HC 12,948 13,030 -82 -0.63
Date P/E Div. Yield P/E Div. Yield
2-Jul 28.69 1.18 29.28 1.23
Month Ago 29.01 1.19 29.49 1.22
Year Ago 22.40 1.27 25.76 1.23
Nifty 50 Top 3 Gainers
Company 02-Jul Prev_Day
% Change
#
Indiabulls HFC 642 622 3.29
ONGC 166 161 2.89
Eicher Motors 20137 19625 2.61
Nifty 50 Top 3 Losers Domestic News
Company 02-Jul Prev_Day
% Change
#
United Phos 656 948 -30.80
Yes Bank 101 109 -7.65
Tata Motors 164 168 -2.53
Advance Decline Ratio
BSE NSE
Advances 1141 836
Declines 1350 951
Unchanged 154 109
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 77215
MF Flows** 8004
*2
nd
Jul 2019; **1
st
Jul 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.05%
(May-19)
4.87%
(May-18)
IIP
3.40%
(Apr-19)
4.50%
(Apr-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
03 July 2019
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
1.60%
(Jan-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
-730
-863
2.57%
(Feb-19)
• Indian equity markets managed to close in the green. The market
witnessed volatility as heavy rains affected India's financial capital for the
second day in a row, thereby disrupting road, rail and air traffic.
Meanwhile, fall in crude oil prices boosted the indices. Further, hopes of
announcement of fiscal measures to support economic growth in the
Union budget scheduled on Jul 5, 2019 added to the gains. However,
reports that a travel-services company has defaulted Rs. 50 crore in
repayment commitments toward outstanding commercial papers
restricted the gains.
• Further, disappointing manufacturing data from U.S. and China in Jun
2019 renewed global growth concerns and reports that the U.S.
proposed new tariffs on European goods as part of a continuing dispute
over aircraft subsidies weighed on the indices.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.33% and
0.38% to close at 39,816.48 and 11,910.30, respectively. S&P BSE Mid-
Cap grew 0.38% and S&P BSE Small Cap remained flat.
• The overall market breadth on BSE was weak with 1,350 scrips
declining and 1,141 scrips advancing. A total of 154 scrips remained
• Total Goods and Services Tax (GST) came in at Rs. 99, 939 crore in Jun
2019 as against gross GST collection of Rs. 1,00,289 crore in May 2019
and Rs. 1,13,865 crore in Apr 2019. This marked the first time in FY20
that the collection fell below one lakh crore mark. Out Rs. 99,939 crore,
Central GST is Rs. 18,366 crore, State GST is Rs. 25,343 crore, Integrated
GST is Rs. 47,772 crore (including Rs 21,980 crore collected on imports) &
Cess is Rs. 8,457 crore.
• Indian Sugar Mills Association expects sugar production of 282 lakh
tonnes in 2019-20, down 19.6% YoY. The downside reflects fall in area
under cane in Maharashtra and Karnataka. The total acreage under
sugarcane in the country is estimated to be around 49.31 lakh hectares
in sugar season 2019-20, down 10% as against 55.02 lakh hectare in
sugar season 2018-19.
• According to media reports, growth in housing prices moderated on a
year over year basis to 3.6% during the quarter ended Mar 2019 as
against 5.1% in the previous quarter and 6.7% in the previous year
period. Except Jaipur and Kanpur, all the cities recorded an increase in
house price index (HPI) on an annual basis. Meanwhile, the annual
growth or contraction in HPI ranged from 19.5% in Kochi to -11.4% in
Jaipur.
• According to an audit report from audit report of Comptroller and
Auditor General of India (CAG), total service tax arrears grew to Rs. 1.66
lakh crore in FY18, up from Rs 1.18 lakh crore in FY17. Total arrears with
respect to central excise grew to Rs. 96,496 crore in FY18 as against Rs.
84,200 crore in the previous year period.
• According to media reports, the government may levy anti-dumping
duty on imports of certain types of steel products from the European
Union, Japan, the U.S. and South Korea. The announcement comes as the
commerce ministry began an investigation into an alleged dumping of
steel products post complaints from domestic players.
Markets for You
• Asian markets traded in mixed on concerns over global growth
slowdown and the U.S.’ proposal of imposing new tariffs on European
goods. Further, uncertainty over U.S.-China trade deal weighed on
sentiments, albeit the U.S. President hinted that trade talks with China
were in progress. Positive cues from overnight U.S. markets also acted as
catalyst. Today (as of Jul 3), Asian markets opened lower as global trade
concerns weighed on investor’s sentiments. Both Nikkei and Hang Seng
were trading down 0.47% and 0.32%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher on reports that
U.S. and China have already restarted the trade talks. However, gains
were capped following reports that U.S. threatened tariffs on additional
EU goods.
• As per the last close, U.S markets closed higher after U.S. and China
agreed to restart the trade talks. However, renewed uncertainty about
global trade after the U.S. proposed new tariffs on more European goods
capped the gains.
FII Derivative Trade Statistics 02-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2109.09 1662.28 15774.05
Index Options 108943.92 108126.11 34626.13
Stock Futures 8903.50 9228.05 83278.12
Stock Options 3256.22 3253.82 1894.56
Total 123212.73 122270.26 135572.86
02-Jul Prev_Day
Change
Put Call Ratio (OI) 1.46 1.37 0.09
Indian Debt Market
Put Call Ratio(Vol) 0.86 0.89 -0.03
02-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.71% 5.78% 5.92% 6.12%
T-Repo 5.49% 5.47% 5.94% NA
Repo 5.75% 5.75% 6.00% 6.25%
Reverse Repo 5.50% 5.50% 5.75% 6.00%
91 Day T-Bill 5.94% 5.94% 6.10% 6.42%
364 Day T-Bill 6.11% 6.08% 6.23% 7.11%
10 Year Gilt 6.85% 6.88% 7.03% 7.91%
G-Sec Vol. (Rs.Cr) 42158 51363 86184 13776
Currency Market Update
FBIL MIBOR* 5.90% 5.90% 6.00% 6.25%
3 Month CP Rate 6.90% 6.95% 6.80% 7.40%
5 Year Corp Bond 8.01% 8.06% 8.00% 8.81%
1 Month CD Rate 5.91% 6.02% 6.38% 6.60%
3 Month CD Rate 6.38% 6.30% 6.47% 6.82%
1 Year CD Rate 7.50% 7.23% 7.20% 8.11%
Commodity Market Update
Currency 02-Jul Prev_Day
Change
USD/INR 68.99 68.97 0.03
GBP/INR 87.23 87.47 -0.24
EURO/INR 77.92 78.13 -0.21
International News
JPY/INR 0.64 0.64 0.00
Commodity 02-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.97 57.60 53.44 73.84
Brent Crude($/bl) 62.86 67.68 68.02 76.05
Gold( $/oz) 1418 1423 1305 1242
Gold(Rs./10 gm) 33577 34329 32056 30348
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 July 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jul 2019 Futures stood at 11,942.35, a premium of 32.05 points,
above the spot closing of 11,910.30. The turnover on NSE’s Futures and
Options segment increased to Rs. 9,65,185.21 crore on Jul 2, 2019,
compared with Rs. 5,91,676.74 crore on Jul 1, 2019.
• The Put-Call ratio stood at 0.87 compared with the previous session’s
close of 0.92.
• The Nifty Put-Call ratio stood at 1.46 compared with the previous
session’s close of 1.37.
• Open interest on Nifty Futures stood at 19.37 million, compared with
the previous session’s close of 19.75.
• Bond yield fell as crude oil prices declined amid worries over global
economic slowdown, which triggered demand concerns for the
commodity. Fall in crude prices raised optimism on lower inflation and
further rate cuts.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 3 bps
to 6.85% compared with the previous close of 6.88% after trading in a
range of 6.83% to 6.88%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,814 crore (gross) on Jul 2, 2019, compared
with Rs. 4,857 crore (gross) as on Jul 1, 2019.
• Banks borrowed Rs. 100 crore under the central bank’s Marginal
Standing Facility on Jul 1, 2019 compared to that of Rs. 220 crore
borrowed on Jun 28, 2019.
• The Indian rupee was steady to marginally higher as crude oil prices
eased. However, most of the gains were nullified by dollar strength on
the back of better-than-expected U.S. manufacturing numbers.
• The euro inched up against the greenback following media reports
stating that the European Central Bank policymakers may not trim policy
rates in the upcoming policy meeting in Jul 2019.
• Gold prices rose against the greenback as weak global manufacturing
activity indicated global economic slowdown.
• Brent crude prices eased as weakening global manufacturing activity
triggered worries over global slowdown and raised doubts on the
commodity’s demand outlook.
• According to a report from the Commerce Department, U.S.
construction spending fell 0.8% to an annual rate of $1.294 trillion in
May as against a revised increase of 0.4% to a rate of $1.304 trillion in
Apr 2019.
• According to a report from the Nationwide Building Society, U.K.
house prices grew 0.5% YoY in Jun 2019 as against an increase of 0.6% in
May 2019.
• According to a report from Bank of Japan, Japan’s monetary base was
up 4% on year in Jun 2019 and came in at 512.991 trillion yen as against
a growth of 3.6% in May 2019.
Markets for You
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